Bloomberg The South Korean won’s rally faces resistance as it tests 1,100 versus the dollar, a level that some economists see as a red line for the nation’s export competitiveness. Warnings from authorities are becoming forceful as the won quickly approaches this level. It retreated from around 1,105 after a finance ministry official described recent currency moves as excessive and ...

Bloomberg Art Basel Hong Kong, one of the most prestigious art fairs in Asia, is postponing its show as the global pandemic has upended international travel, the organisers said Tuesday. The fair will take place from May 21-23 instead of the usual March period, with VIP preview days starting on May 19. This year, Art Basel Hong Kong became the ...

Bloomberg India’s macroeconomic troubles are attracting a new wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights like Apollo Global Management Inc and Oaktree Capital Group have either struck recent India deals or scaled up their teams in the country in a push to invest ...

Bloomberg President Donald Trump’s lawyer Rudy Giuliani described at length to a federal judge in Pennsylvania a vast but vague Democratic conspiracy to steal the election that justified the invalidation of hundreds of thousands of votes — enough to flip the state from President-elect Joe Biden to Trump. But US District Judge Matthew Brann cut straight to the heart of ...

Bloomberg Taiwan’s broadcast regulator has ordered the closure of one of the island’s most ardently pro-China cable news networks following a month-long battle over journalistic standards and freedom of the press. The National Communications Commission (NCC) will not renew the broadcast license of Chung T’ien News, its chairman Chen Yaw-shyang said at a briefing in Taipei on Wednesday. The station ...

Bloomberg Thailand’s parliament rejected a push by pro-democracy groups for a constitutional amendment to reduce the powers of the nation’s monarchy, potentially escalating a monthslong anti-government protests. The lawmakers instead voted for setting up a charter rewriting committee that will skip any review of chapters governing the monarchy, the most powerful institution in Thailand. The roadmap for amendment proposed by ...

Bloomberg People in England should prepare for tough coronavirus restrictions in December and January if the rules are to be relaxed for a short period over Christmas, a public health chief said. Susan Hopkins, deputy director of Public Health England, said government scientific advice has shown “for every day that we release [measures] we will need two days of tighter ...

Bloomberg Denmark’s response to a coronavirus mutation in its mink population has just cost a cabinet minister his job. Mogens Jensen, the 57-year-old minister for food and veterinary affairs, is stepping down after losing parliament’s support, according to a statement issued by his office on Wednesday. His departure comes a fortnight after Prime Minister Mette Frederiksen told Danish farmers to ...

Bloomberg UK companies are turning to cheaper overseas labour to complete their post-Brexit customs paperwork, creating jobs in countries such as Romania and India due to a shortage of trained staff in Britain. Anticipating a surge in demand for its services, Xpediator Plc, which handles freight flows for international companies, has been hiring workers in Romania. Dave Gladen, the firm’s ...

Bloomberg Pfizer Inc is on the hunt for partnerships with Chinese biotech firms developing novel drugs, as the American pharmaceutical giant regroups after Beijing’s aggressive price-cutting campaign eroded profit margins in its mainstay blockbusters. The company is embarking on a strategic shift to maintain growth in the world’s second-largest drug market after China slashed prices for off-patent medicines by more ...